Pan Global Resources (CVE:PGZ) Trading 26.9% Higher – Still a Buy?

Pan Global Resources Inc. (CVE:PGZ)’s stock price was up 26.9% during mid-day trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 1,119,520 shares changed hands during trading, an increase of 667% from the average daily volume of 145,976 shares. The stock had previously closed at C$0.13.

Pan Global Resources Trading Up 26.9 %

The company has a current ratio of 4.27, a quick ratio of 11.60 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$40.05 million, a PE ratio of -5.50 and a beta of 1.55. The firm has a fifty day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.12.

Pan Global Resources Company Profile

Pan Global Resources Inc, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Spain. The company explores for lead, zinc, silver, gold, tin, cobalt, and copper deposits. It holds 100% interest in the Aguilas project, which comprises nine investigation permits that covers an area of approximately 16,300 hectares, as well as additional mineral rights applications covering an area of approximately 2,803 hectares.